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Billionaire Relinquishes $70 Million in Antiquities, Gets Lifetime Ban From Collecting, Per

Billionaire hedge fund manager Michael Steinhardt, 81, will hand over 180 stolen objects valued at $70 million and has received a first-of-its-kind lifetime ban on acquiring antiquities, the Manhattan District Attorney's office announced on Monday. The resolution came after a multi-year, multi-national investigation into Steinhardt's vast collection. Seized pieces were trafficked by 12 criminal smuggling networks and lacked verifiable provenance prior to appearing on the international art .

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